by Ute Daniel, Peter Gatrell, Oliver Janz, Heather Jones, Jennifer Keene, Alan Kramer, and Bill Nasson, issued by Freie Universität Berlin, Berlin 2014-10-08. ): The Origins and Development of Food Policies in Europe, London/New York 1994, pp. : Les Finances, la Monnaie et le Marché Financier, in: Mahaim La Belgique Restaurée 1926, p. 503; Mahaim, Ernest: La Fortune et le Bien Etre, in: Ibid., pp. Before the war, banking was concentrated in Brussels. After the war, the demand for labor was high and workers were in a position to improve their social position.

The Limiting the impact of the indexation mechanism of wages by the employers offered only a limited protection of purchase power against inflation. It had to manage the reconstruction of the “real” economy (especially industry and transport), and it had to handle finance. The reconstruction occurred on a pre-war basis and efforts for renewal were not entirely successful as was the case with a plan from the banks to concentrate Belgian steel production in order to improve the competitive position of the sector. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica.Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. The commissions determined minimum wages for an entire sector, and wages were linked to the retail price index. Emile Francqui participated in the peace negotiations, negotiations on reparations, and on the exchange of the Mark. The metal industry was severely affected. Koopkracht en Klassenstrijd Tijdens het Interbellum in België [Wage index and social peace. There was the consortium of private banks for the Belgian financial market with which internal loans could be placed. 69-203.Hardewyn, André: Tussen Sociale Rechtvaardigheid en Economische Efficiëntie. 41-44. In 1921, the eight-hour working day (forty-eight hours per week) became the legal norm; the unemployment insurance organized by the unions was subsidized by the state in 1920; and a pension insurance scheme was in place by 1924. International Studies in Economics and Econometrics, vol 16. The cost was kept out of the normal budget, and transferred to special accounts instead.

The investigation of wartime economic and especially political collaboration with Despite the economic revival, political stability deteriorated, notably over the “royal question.” In 1944, at the time of the Allied offensive, the Germans had transferred King The policy of the postwar Belgian governments, apart from the “royal question” settled in 1951, was dominated by five major issues: consolidation of the During the late 1950s, growing opposition to colonial rule in the The education controversy became critical once again in the second half of the 1950s. 667-680; 673.Scholliers, Loonindexering [Wage Index] 1985, pp. The Post-war economic reconstruction had to deal with two basic problems. 165-211.Veraghtert, Karel: De Industriële Ontwikkeling (1914-1947) [The Industrial Development], in: De Industrie in België.

): La Belgique Restaurée.
Search Britannica After the defeat of Nazi Germany in World War II in 1945, Belgium planned to annex parts of the territory along the Belgian–German border. Until 1914, it had been organized according to liberal principles and had entailed no redistribution of income.

In addition to monetary compensations and the lending of labour forces, this was considered a way of reparations.In mid-April 1949, Belgium surprisingly waived any interest in most of the previously claimed areas. Aside from the direct damages, which were the result of warfare (the destruction of buildings, transport infrastructure or land for agriculture), Belgian industry had another competitive handicap. Belgium - Belgium - Belgium after World War II: Because of the limited extent of its war damage, estimated at only 8 percent of the national wealth, and the implementation of a vigorous government policy, Belgium experienced a remarkable economic resurgence in the early postwar years.

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